The Europe Polyvinyl Alcohol (PVA) Films market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Government initiatives towards green packaging policies, increasing environmental awareness, rise in population, increase in disposable income and the growth of the agrochemicals & consumer electronics industries that increasingly adopt PVA films are some of the key factors fostering the market growth. In addition, Europe is one of the largest markets for agrochemicals and is also one of the fastest-growing exporters of food grains. Rising demand for food and the need for food safety in Europe are the factors expected to boost the demand for agrochemicals.

Increasing Environmental Awareness

Electronics disposal have been posing threat to environment over the past few years. With the introduction of PVA films this problem is likely to offset, and the trend is expected to drive the market over the foreseeable period. This is considered to be a growing market in light of the rising demand for environment-friendly products, which help avoid harmful ecological as well as health impacts. Green packaging initiatives in developed regions, such as Europe anticipated to increase consumption of the product in these regions. PVA films are environment-friendly and they do not release toxic gasses upon incineration. Rapid industrialization along with the need of a healthy environment of working has increased the demand of detergents simultaneously.

The growing concerns about health hazards from waste disposal of products packaging have given rise to the need of biodegradable packaging solutions. This has ultimately given a boost to the polyvinyl alcohol films market in recent years. Moreover, the stringent government regulations restricting the use of certain packaging materials has switched many packaging companies towards polyvinyl alcohol films.

Fluctuating Petrochemical Prices

Petroleum based VAM is susceptible to crude priced, fluctuations across the geopolitical scenario could impact polyvinyl alcohols films market price trend. However, fluctuating petrochemical prices are responsible for an unstable PVA film pricing over the past few years.

U.K accounted for larger revenue share in Europe Polyvinyl Alcohol (PVA) Films market with considerable CAGR. Growing hygiene consciousness among the consumers coupled with rising standards of living are propelling demand for detergents in this country.

Europe Polyvinyl Alcohol (PVA) Films market is surging owing to frequent acquisitions and launchings by the market players. For Instance, recently the Nippon synthetic chemical industry Co. Ltd., PLASTIENVASE and Ainia signed a cooperation agreement of working together on a research project that aims on packaging materials with biodegradable materials. This collaboration is a key movement to find innovative solutions which reduces environmental impacts.

Key Findings of the Report:

Europe Polyvinyl Alcohol (PVA) Films market expanding at significant CAGR over 2019 to 2025 due to rising demand for food and the need for food safety.

Based on Water Soluble Application, Packaging segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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